With a brand new accomplice accelerator, the College of Maryland (UMD) is breaking into blockchain — properly, metaphorically talking, anyway.
The college’s Robert H. Smith College, in partnership with the Dingman Middle for Entrepreneurship and the Provide Chain Administration Middle, is launching its very first Blockchain Accelerator. In a six-week, digital program that makes use of the FounderTrac platform, 10 to fifteen startups which are centered on the know-how will get the prospect to fulfill with a mentor and participate in weekly studying periods with different cohort members. This system cumulates in a Demo Day the place founders will get to pitch their startups to angel buyers.
Juan Acosta, an MBA candidate on the enterprise college and lead organizer for this system, mentioned college leaders wished to create a blockchain-based accelerator as a result of know-how’s potential. The college itself can be very interested by blockchain tech, he mentioned, because the college simply created a brand new course on the subject within the enterprise college.
“Everybody, in a means, is moving into blockchain” due to the know-how’s concentrate on decentralization, Acosta advised Technical.ly. “It’s such large information in every single place we go. There are cryptocurrencies, there’s NFTs — all of these are applied sciences that construct upon blockchain know-how.”
Acosta mentioned that this system might be accepting purposes from startups of any stage, noting that it already has a couple of candidates which have raised an excellent quantity of funding — although this system itself is free, and received’t take any fairness from founders. It’s additionally open to founders the world over, regardless of the UMD backing. What the college is admittedly searching for, he famous, is founders who’ve a powerful technical product however want somewhat help within the enterprise facet of issues.
With blockchain “being such a brand new and rising know-how and [UMD] being a acknowledged enterprise college and college, we thought it could be an unimaginable strategy to mix these expertises and this demand” by launching the themed accelerator, Acosta mentioned.
Functions for the accelerator opened in January and programming is scheduled to start March 16.
Via its SHRMLabs program, Alexandria, Virginia-based Society for Human Useful resource Administration is launching a brand-new accelerator for HR know-how startups.
The eight-week program, which might be hosted just about, is designed for early-stage startups hoping to resolve office and tradition challenges. Firms that take part within the WorkplaceTech Accelerator could have entry to an advisory council, market information, a $120,000 minimal funding and entry to the SHRM community of execs, the org mentioned.
With a view to qualify, startups have to be included with a cohesive crew and marketing strategy, have a developed product available in the market, and be producing not more than $4 million in annual recurring income. The general aim is to again startups creating a brand new future of labor or bettering the final office expertise.
“SHRM is main by instance to trigger the impact to convey higher workplaces to construct a greater world,” mentioned Guillermo Corea, managing director of SHRM’s Innovation Lab, in a press release. “Via SHRMLabs, we’re highlighting and serving to develop revolutionary entrepreneurs who’re working to convey new applied sciences into the office that may assist HR professionals the world over.”
The cohort kicks off in April and can proceed via a Demo Day on June 7.